With Moose Jaw on Board and Seismic Data in Hand, Max Power Mining Prepares for Commercial Validation

Max Power Mining secures MOU with Moose Jaw, $20.5M from Eric Sprott, and seismic data doubling structural closure—pushing its hydrogen play toward commercialization with 318% YTD stock gain.

A memorandum of understanding with the city of Moose Jaw, a fresh injection of institutional capital from billionaire Eric Sprott, and seismic results that more than doubled the anticipated structural closure — Max Power Mining has pieced together the key building blocks for a natural hydrogen play that is rapidly moving from exploration toward commercialization. The stock responded in kind, closing at €1.63 on Friday, a new 52-week high that brings the year-to-date gain to roughly 318 percent.

Infrastructure as the Bridge to Commercialization

The MOU, signed on May 15, 2026, targets the Regina-Moose Jaw Industrial Corridor in Saskatchewan, a region the company sees as a strategic link between discovery and market. The Lawson discovery sits about 80 kilometres northwest of Moose Jaw, and the company plans to leverage existing transport, logistics and energy infrastructure in the corridor to accelerate commercial validation. Moose Jaw itself is a transportation and energy hub, and the corridor is earmarked for a large-scale data centre — a potential major off-taker for hydrogen-based power.

The pact is more than a handshake. It gives Max Power a direct line to potential customers and physical infrastructure, two critical ingredients for moving natural hydrogen out of the ground and into the economy.

Seismic Doubles the Prize

The technical foundation for the next phase comes from a 3D seismic campaign completed in April, which doubled the structural closure at the Lawson complex and delineated a trap spanning 14.2 square kilometres — far larger than initial estimates. Armed with that data, the company plans a confirmation drilling programme targeting the crest of the structure in mid-2026, aiming to prove commercial flow rates.

Meanwhile, desorption tests from the Bracken borehole in the Grasslands project delivered helium concentrations as high as 8.7 percent, with an average of 4.4 percent. Those results feed into a basin-wide assessment of the so-called Genesis Trend, a structural belt that stretches roughly 475 kilometres across Saskatchewan.

Two Moves From Sprott, One From the Boardroom

Eric Sprott has deepened his commitment on two fronts. In March, he led a private placement worth C$20.5 million, acquiring units at C$1.30 each. More recently, his holding company snapped up an additional one million shares at an average price of C$2.02, adding C$2.02 million to his position. On a non-diluted basis, Sprott now holds approximately 12.8 percent of the company.

The executive team also gained weight. Tony Van Burgsteden, former CFO of uranium producer Orano Canada and of the multi-billion-dollar cooperative FCL, has taken over as chief financial officer — a clear signal that the company is building the corporate muscle for a development-stage ramp.

Marketing, Milestones and a Technical Oddity

A marketing agreement with Quantum Ventures Inc., effective May 9, will run digital media campaigns and investor outreach via the “The New Money” platform. The company controls roughly 1.3 million permitted acres in Saskatchewan, and the market is waiting to see how the upcoming operational report — scheduled for the week starting May 18 — translates that acreage into a resource estimate.

One technical quirk stands out: the stock’s relative strength index sits at 20.5, a reading typically associated with oversold conditions, yet the share price is at a 52-week high. That anomaly suggests a temporary exhaustion of buying momentum after a relentless climb, rather than any fundamental weakness. The upcoming operational report will be the next catalyst to test whether the seismic data, the municipal partnership, and Sprott’s continued backing can sustain the narrative.